Accountants across various sectors of the Ugandan economy gathered yesterday evening at a ballroom at the Kampala Serena hotel, waiting for the announcement by the Council of the Institute of Certified Public Accountants of Uganda (ICPAU) of the Financial Report of the Year.
BRAC Uganda microfinance borrower, Lydia Nojaki Birungi, 43, won the bronze prize in the 2011 Citi Micro Entrepreneurship Awards.Lydia, a BRAC small enterprise borrower since 2009, was recognised by Citibank and The Association of Microfinance Institutions of Uganda (AMFIU) for her entrepreneurial ability. Lydia runs an agrochemicals business in Kasese and also farms a 15-acre plot of land that provides food for a large section of her community. Lydia received a certificate and a prize of 1.5 million UGX ($600) from Citibank. She plans to invest her winnings in her business.
Uganda’s Finance Minister Maria Kiwanuka unveiled the country’s budget for the financial year 2012/2013 earlier this month, disclosing an allocation of UGX 10,710.6 billion or $4.284 billion for government expenditures. The government’s top three areas of focus are Works and Transport, Education, and Energy and Minerals, with the sectors commanding 15.3%, 15.2% and 13.5% of the budget, respectively.
Olivia Kyomuhendo, 22, walked into Entebbe airport and wanted to pinch herself. “Am I dreaming?” she asked herself. Olivia was at the main airport in Uganda with three girls from her videography program, waiting to fly to Turkey. For Olivia and her three friends, this was their first time out of the country and anticipation was great. When the voice on the loud speaker announced that their flight had arrived, Olivia jumped up with excitement. It was finally going to happen. She was going to travel outside of Uganda.